tv Your Bottom Line HLN September 12, 2009 3:30pm-4:00pm EDT
hello. i'm gerri willis. this is "your bottom line." the show that saves you money. congress is back on the hill and health care is a make-or-break issue. protecting your home. tips and tricks to provide peace of mind. how to get the stuff you want for free, yes, for free. "your bottom line" starts right now. make-or-break month for health care reform. fired up members of congress as they head back to work this week. president obama made his case for a major overhaul of the snm a primetime address saying he is
not the first president to take on health care but determined to be the last. >> the time for games has passed. now is the season for action. now is when we must bring the best ideas of both parties together and show the american people that we can still do what we were sent here to do. now is the time to deliver on health care. but what hikely matters most is how the proposed plan would affect your health and bottom line. andrew ruben is on sirius radio and peter moore is an editor with "men's health" who did a one-on-one interview with the first family. you are the editor of the magazine. welcome to you both. >> thanks. >> i want to start with the president's speech and show you some of the major elements. it was wide ranging. he suggested public insurance option, controversial, coverage for people with preexisting conditions. the first thing i want to do is
get your reaction to this speech starting with you andrew. >> i loved the speech. he has given a lot of speeches on health care. this is the first one where you heard -- there was some of the detail. it might have been hard to understand unless you read the senate finance bill. a lot of what the president said had a lot of key components of what is in the senate finance bill and what we will hear about in the next few weeks. >> peter, what do you think? >> i think the president did a fine job. what worked for me is when he brought it around to the moral imperative. i have been thinking about the 30 million out there. people argue about the number and if there is any number at all it is vast human tragedy. >> andrew, let's talk about cost, right? this is a big issue. the president said $900 billion. we are spending $7,400 for
individuals every year. can we afford this? health care seems to be taking up all of our money. where is the money for education and other programs? >> there is money. this country has money and this bill as the president made very clear last night is not going to cost anymore than we are spending today. because i work in this industry and i know what is in the senate finance bill today there is a lot of room in the health care system to save money and fund insurance for everyone. again, we are going to have to look at the detail of what actually happens. what i do know and feel comfortable telling you there is enough cost in the system and the mandates in the speech there is enough room to cover the cost of this reform. peter you had the good fortune of interviewing the president. one thing i'm interested in is what is their personal experience what forms their viewpoints. what did you learn about the
president? >> part of what we were talking about the president about he started out on the wrong side of the tracks economically speaking. he went through his mother's terminal cancer where she was fighting with the insurance companies to get her chemotherapy covered. that is a very specific tragic experience he went through. he told me his grandmother had excellent health care through her job. i feel like the president has seen how bad the system can be and how good the system can be when it works. he hoped that we as a country can move to the better and away from the bad. >> yeah. the devil is in the details, obviously. andrew we talked about the cost. a lot of people are worried because they like the health care they have. do you think at the end of the day people will change the way they use health care because of what's going to happen or what could happen? >> i think we, as a country, need to change the way we use health care. what is in the bill protects
people who like their insurance, promotes preventive care. the president has said many times he believes in wellness programs and keeping people out of the emergency rooms. he said if you like your insurance you can keep it and that is there. i think we are moving in the right direction. >> peter, you talked to the president about solutions. one of the things you asked him about was the soda tax. do you tax people to stop behaviors that aren't productive? he said he was in favor. what do you make of his response? >> i think the president was backpedalling. he was interested in the idea because sugary drinks have an impact on the nation's diet. ty think he is realistic that is not going to happen. we are having trouble getting people insured. with the president's emphasis on preventive care f we can
identify our health problems when they are easy to treat with behavior modification we can avoid the catastrophic situations where people are going into the e.r. >> you mention people in line for health care. i have to wonder, if you add 45 million people to doctors' waiting lists, will there be enough doctors? >> that is a great question. massachusetts had the first state-mandating coverage struggled in the beginning. in the bill there is money for primary care, preventive care. in the beginning we won't know for sure but i would say over tlim will be. >> andrew, peter, thank you so much, great answers, tough questions. complicated issue. still ahead, tips and tricks to protect your home on a io budget. fabulous freebies. we have great stuff that won't cost you a penny.
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plus support for heart health. ( crowd roars ) that's a great call. one a day men's. microsoft, burger king, cnn, what do all three companies have in common? they were all started in a recession. one of the best times to get a business started is during tough economic times. a new abc show called "shark tank" gives entrepreneur a chance to pitch five investors to see if they can get the money
to make their dreams come true. here is barbara corcoran, a real estate mogul. you are an investor on the show. good to see you. >> nice to see you, too, gerri. >> i want to start with this idea of now is a great time to start a business. 50% of small businesses fail in the first five years and to start in a recession seems contrary to logic. >> it seems wacky, but if you think about it batting averages are better for businesses that start and succeed in bad times. you have advantages in bad times. >> what are they? >> you have less competition. you have to be a nut job to go out there and start a business and believe in what you are pushing on the public or whoever you are selling to. in bad times the big competitors lay back and lay low. and it's really not smart to lay low. >> you are more nimble, too.
bad times, a small operator you can move around quickly and outsmart the competition. >> compare a decision-making process in a large corporation. it is about attorneys and a long lead time. whatever you think of on a monday you can have on the street tuesday. it is much easier. >> i think about starting a business in a recession and think about this particular recession. it has been so hard to get money what is your advice to small businesses that want to get a bank loan? >> forget about it. most of the small businesses are fundinged by families an friends. i'm not a big believer in because it loses the friendship or family members, too f the business goes south. most new businesses are funded by credit cards. >> which is harder to do. >> everybody has two or three credit cards. credit cards are pushing new cards at reduced rates. people grab these and fund their new business. it sounds extreme but where else
do people turn? >> barbara, they could turn to you. that is what you are doing on the show. >> this is true. >> you are putting up your own money, right? >> that is the hard part. it is tough to judge an entrepreneur and size up in a wink if their business venture will succeed. it is something else when it is your money and when you go back on monday you are going to write checks. it is difficult specifically because it is your own money. >> i think the whole shark tank idea is tough. those guys are very, very tough. i have to get you to talk about real estate. we have seen some improvements, fundamental changes in the marketplace. sales are higher, pending home sales doing well, on fire here. foreclosures are higher as well what is your advice to people who may be thinking about getting into the market for the first time. is now a good time to be buy something. >> the only time to be buying is
within the low. those people waiting to sharp shoot the market, forget it. you can never do it. i have tried my whole life. i have not succeeded. if you buy within the low, go with a foreclosure, auction, individual foreclosure, get a good deal, it is a great idea. for most of us you are better off working through a broker and truly tells you what the darn thing is worth. that is where the negotiation starts and ends actually if you are going to get a good deal. >> there are big advantages. first-time home buyers tax credit through the end of november. >> free money. why not grab it. it is tax free. >> barbara, great to see you. new legislation and stricter credit standards make it harder to qualify for a credit card. that makes your credit score more important. first off, there are common myths about credit scores. you have three credit scores not one from the three major credit
bureaus, equifax, transunion and myth number two, canceling credit cards increasing your credit score this is something you don't want to do as it will increase your debt to credit ratio. a higher salary will boost your score, getting a raise, inherpting money, winning the lottery will not affect your score. how can you improve your zmoer forget retail store credit cards. every time you open up an account you are giving the retail lender the ability to pull that credit score and that can lower your credit score. pay your bills on time, that is about 1/3 of your fico score and spend 10% of your credit limit. make sure you look at your credit report once a year. you are entitled to one from all
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before you leave that extra window open or an extra key under the doormat, think again. according to the national crime prevention council six of ten burglaries take place without forced enter. there are simple steps you can take. i spoke with danny lipford a home improvement expert. let's start with the simple things, don't be silly, lock your door. >> without a doubt there are commonsense things, when you are away get the neighbor to pick up the newspapers, the mail and the things they hang on your door. trim the bushes so people can see some of the windows and doors where the bad guys might try to get in your house. >> we thought we had our mail stopped. we didn't. the neighbors pitched in. they are great security force. >> without a doubt. >> let's talk about lighting.
>> one of the best ways is to light your house. you can't have flood lights running so a motion sensor light allows you to put these wherever the critical areas around the home and when it has motion it clicks on. it takes a brave bad guy to hang around. >> let's talk about locks. an obvious thing for your windows and doors. >> make it as hard as you can for those guys to get in the house. secondary locks, window locks, your glass sliding door is susceptible to people breaking in. this is nice heavy duty lock is only $12 that attaches to the glass sliding door to prevent being pried open. >> you have a cool combination lock. you forget your key and plug in the numbers. >> you hate to hide those keys.
never hide a key outside. putting it above the door, below the mat, the fake rock. >> a flower pot? >> they know all of those. here you can use this combination lock. tough it one time and it locks. then you are able to key in any type of code in order to control it and open it up. the other thing is you can put a secondary code. say you have a dishwasher that needs to be repaired. you d let the guy know the code. you change it again and he has access in and out and you don't have to worry about him keeping the code. people who break in your homes are people who cleaned your carpet. >> everybody is worrying about this, particularly because of the economy. they want you to be sure to be safe. the obvious thing obviously an alarm system. they can be problematic, too.
>> they can be. you want to make sure you have a certified installer. you can get simple kits. this costs $40 that will alarm a couple of doors. >> i can do this myself? critic. you can add different elements too it. there's also other kits that are available in the $100 range where you can do the doors around the perimeter of your house. the professionally installed alarm is the best to be monitored for fire and other uses. >> it really is important that you have it designed properly to where people don't go in and automatically wire up everything on your doors and windows. if they really think about how you use the house and make sure that all of the motion detectors are adjusted just right. >> we got to go to the video service. i know people who do this not for burglars they want to know
what the family's doing at night. >> this is called a mobile video intelligence unit. what this does is you have cameras that you can position on critical areas of your house. it ties into a smart box and you're able to monitor this anywhere you are. you can monitor it on your mobile device. it can send you a text mess cadge if anyone breaches a certain area. and if you have a camera on your house, when a package is delivered, you know when. it's a website that will enable you to see exactly what's happening in real time at your home, so that if you do get an alert, you can pop on the internet there on the portal that they are assigned to you. if it is an area that no one should be in, and it alerts you,